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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (168193)12/2/2008 12:02:59 AM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
property taxes are the lowest in the nation in CA. Thats the problem. Not the 1.17% new buyers pay, but the amt the grandfathered people like Warren Buffett pay. It essentially means we are a no property tax state, where you can live here and send your kids to UC berkeley for practically free.



To: Skeeter Bug who wrote (168193)12/2/2008 6:30:00 AM
From: stomperRespond to of 306849
 
<<only in CA does a "cut" mean an increase over last years spending>>

Well, to be fair, they learned it from their papa...the Federal Government. The fiction of Curent Services Baseline for budgeting purposes is just one of the blinders used to fool the general public.